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Alex73 [517]
3 years ago
8

a house that costs 200000 will appreciate in value by 3% each year. find the value of the house after 3 years

Mathematics
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer:

The cost of the house after 3 years is $218,545.40

Step-by-step explanation:

To find the value of this house after 3 years, multiply the cost by 1.03 three times. This will give you a 3% increase.

200,000 * 1.03 = 206,000

206,000 * 1.03 = 212,180

212,180 * 1.03 = 218,545.40

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